Desjardins Has Bullish Estimate for TSE:BMO FY2025 Earnings

Key Points

• Desjardins analysts have revised their FY2025 EPS estimate for Bank of Montreal (TSE:BMO) to $11.45, an increase from the previous estimate of $11.20.
• Bank of Montreal announced a quarterly dividend of $1.63, raising the annualized dividend yield to 4.1%, up from $1.59.
• As of now, Bank of Montreal holds a consensus rating of "Hold" with an average price target of C$148.46 from multiple brokerages.

Bank of Montreal (TSE:BMO - Free Report) NYSE: BMO - Analysts at Desjardins boosted their FY2025 EPS estimates for shares of Bank of Montreal in a research report issued on Tuesday, August 12th. Desjardins analyst D. Young now forecasts that the bank will earn $11.45 per share for the year, up from their prior estimate of $11.20. Desjardins has a "Hold" rating and a $156.00 price target on the stock. The consensus estimate for Bank of Montreal's current full-year earnings is $9.65 per share. Desjardins also issued estimates for Bank of Montreal's FY2026 earnings at $13.00 EPS.

A number of other brokerages have also commented on BMO. National Bankshares set a C$144.00 price target on shares of Bank of Montreal and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Canaccord Genuity Group set a C$166.00 price target on shares of Bank of Montreal and gave the stock a "buy" rating in a report on Tuesday, June 24th. Royal Bank Of Canada decreased their price target on shares of Bank of Montreal from C$163.00 to C$161.00 and set an "outperform" rating on the stock in a report on Monday, June 9th. Jefferies Financial Group increased their price target on shares of Bank of Montreal from C$150.00 to C$164.00 in a report on Wednesday. Finally, Scotiabank raised shares of Bank of Montreal to a "hold" rating in a research note on Thursday, May 15th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Bank of Montreal currently has a consensus rating of "Hold" and an average target price of C$148.46.

Bank of Montreal Trading Up 1.1%

Bank of Montreal stock opened at C$157.76 on Thursday. The firm's 50 day simple moving average is C$152.07 and its 200 day simple moving average is C$143.57. The firm has a market capitalization of C$114.27 billion, a PE ratio of 15.57, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16. Bank of Montreal has a 1-year low of C$109.22 and a 1-year high of C$157.80.

Insider Activity

In related news, Senior Officer Erminia Johannson sold 4,676 shares of the stock in a transaction dated Monday, June 9th. The shares were sold at an average price of C$147.57, for a total value of C$690,023.29. 0.03% of the stock is currently owned by insiders.

Bank of Montreal Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Tuesday, August 26th will be paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Wednesday, July 30th. This is a positive change from Bank of Montreal's previous quarterly dividend of $1.59. Bank of Montreal's dividend payout ratio (DPR) is 61.20%.

About Bank of Montreal

Bank of Montreal is a diversified financial-services provider based in North America, operating four business segments: Canadian personal and commercial banking, U.S. P&C banking, wealth management, and capital markets.

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